News and Insights

Key points Directors have been temporarily relieved of their duty to prevent insolvent trading during the COVID-19 pandemic. That relief is scheduled to expire on 31 December 2020.  Many commentators believe that directors can only avail themse

Introduction  In May this year, the Federal Government announced temporary changes to the Corporations Act 2001 (Cth) (Corporations Act) which were intended to provide certainty tobusinesses (including not-for-profit organisations and charities) in

ASX has announced an extension of temporary emergency capital raising relief put in place to provide listed companies with greater flexibility to raise capital amidst the challenges of the COVID-19 pandemic.  In this alert , we discuss this extensi

Today, ASIC has released practical guidance to support board oversight and the exercise of discretion surrounding variable pay outcomes of senior executives of large listed companies senior executive.   The guidance is informed by a review of the r

The COVID-19 pandemic has resulted in considerable market volatility and heightened investor interest in information about entities listed on the Australian Securities Exchange (ASX). In the context of this environment, directors may decide to buy or

Following on from our alert, ASIC has announced that it will extend the deadline for both listed and unlisted entities to lodge reports under Chapter 2M and Chapter 7 of the Corporations Act 2001 (Cth) (Corporations Act) by one month for certain bala

Following on from our alert where ASIC released guidance on upcoming AGMs and financial reporting requirements, the Federal Government has this week made changes to the Corporations Act 2001 (Cth) (Corporations Act) to provide greater certainty to co

Following on from our alerts where the Treasurer announced that all thresholds associated with foreign investments into Australia subject to the Foreign Acquisitions and Takeovers Act 1975 (Cth) (the Act) will require approval by the Foreign Investm

In consultation with ASIC, earlier this week ASX updated the class waivers as announced on 31 March 2020 to provide ASX Listed entities with clarification surrounding the amendments to capital raising amidst the challenges of the COVID-19 pandemic.

Last Friday ASIC released “Guidelines for meeting upcoming AGM and financial reporting requirements” (Guidelines), having regard to the impact of COVID-19 on listed and unlisted public companies in satisfying these requirements under the Corporat